Court Upbraids Expert Who Discusses Subject Outside Area of Expertise

Business Valuation UpdateVol. 19 No. 9
Legal and Court Case Update
September 2013

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6211 Security Brokers, Dealers, and Flotation Companies
523110 Investment Banking and Securities Dealing
securities litigation
daubert, expert testimony, admissibility
Securities and Exchange Commission v. Tourre
2013 U.S. Dist. LEXIS 87211
June 18, 2013
US
Federal Court
New York
United States District Court
Dwight M. Jaffee, Ira Wagner (plaintiff); Dr. Mukesh Bajaj (defendant)
Forrest

Summary

Under Daubert, federal court curtails trial testimony of defendant’s expert finding he lacked the appropriate qualifications; in a case centering on collateralized debt obligations (CDOs), his financial economics expertise is not even “sufficiently proxim ...

See Also

Securities and Exchange Commission v. Tourre

Full Text of Court Cases
June 18, 2013

Under Daubert, federal court curtails trial testimony of defendant’s expert finding he lacked the appropriate qualifications; in a case centering on collateralized debt obligations (CDOs), his financial economics expertise is not even “sufficiently proxim ...